Foreign institutional investors invest in WSE for PLN 6.8 bln
Despite a slowdown in new stock market listings, large shareholders on the Warsaw Stock Exchange continue to find strong demand for major share packages. Over just three weeks, institutional investors bought PLN 6.8 billion of stock from sellers exiting Żabka, Murapol, Allegro and Santander Bank Polska. More transactions are expected within three to six months, including further sales by Banco Santander and potentially BNP Paribas Bank Polska, which may need to increase its free float.
Analysts also see a high likelihood of long-awaited share placements by Pepco’s majority owner, with additional possible disposals from key shareholders in XTB, Benefit Systems and Synektik. With lock-ups expired, the market is preparing for continued large block trades.
(pb.pl)